Naira Crashes Further Against Dollar Ahead of Eid el-Kabir
The naira depreciated further against the dollar at the foreign exchange market on Friday ahead of the Eid el-Kabir holidays. FMDQ data showed that the naira depreciated to N1,482.72 against the dollar on Friday from N1476.24 on Thursday. This represents an N6.48 depreciation against the dollar compared to the N1,476.24
Dangote: My Refinery Will Reduce Fuel Price In Nigeria
The Chairman of Dangote Group, Aliko Dangote, has said his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as it reduced the price of diesel in Nigeria. Dangote disclosed this at a recent Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau,
Edo Elections: Obaseki Using Police To Intimidate Us – APC Raises Alarm
Ahead of the September 21 Edo Elections, the state chapter of the All Progressives Congress, APC, has raised the alarm over alleged intimidation by Governor Godwin Obaseki and threats of arrest by the Commissioner of Police in the state. In a petition addressed to the Inspector-General of Police (IGP), the
Nigeria seeks $500m World Bank Loan To Fix Rural Roads, Food Price Hike
Nigeria seeks $500m World Bank loan to fix rural roads, food price hike, improve access to agricultural products nationwide, and tackle food price hikes. The Washington-based lender stated that the funds will address the needs of 92 million people in rural areas lacking good road networks. The Nigerian government made
